Chủ đề: finance

Banks have cut interest rates in recent times as part of supporting businesses and individuals to overcome the effects of Covid-19 on their financial position. In addition to restructuring repayment terms on VND550 trillion ($22.27 billion) worth of loans, banks have also exempted or lowered interest rates totaling VND31.4 trillion ($1.4 billion).

Covid-19 has exhausted the financial resources of many businesses and with no way out they require immediate credit support to avoid closure.

The tax sector will strengthen the solutions available to prevent tax losses, such as applying information technology and artificial intelligence to limit tax evasion and transfer pricing. Starting from this month, collections are being conducted via e-commerce platforms, which are responsible for providing and sharing information with tax authorities.